High Performance Alloys: A Global Strategic Business Report
San Jose, CA (PRWEB) July 25, 2007
The need for superior performance, efficiency, and durability in products, ranging from golf equipments to sophisticated high-tech, supersonic jet engines and spacecrafts, is fashioning a strong demand for high-grade, super-tensile, high performance alloys. Industries like transportation, consumer appliances, leisure, and industrial manufacturing, are generating increased demand for high performance alloys. The shifting focus of energy generation from coal-fired power stations to gas turbine generators is wielding a multiplier effect on market opportunities. For instance, energy deregulation induced development of infrastructure for gas turbine industrial plants, which is presently underway, is directly translating into demand for customized high performance alloys with specifically optimized mechanical properties. In addition to the transportation industry, lightweight alloys have recently begun making rapid inroads into the domestic appliance market, given the growing trend of miniaturization in consumer products such as mobile telephones and vacuum cleaners. In the transportation industry, demand for lighter vehicles, and automotive components with high stress threshold, are nurturing overall consumption of high performance alloys. Stringent environmental regulations, and the quest for a cleaner environment, together are accelerating the demand for advanced alloys used in the construction of both gas turbines and automotive vehicles. All of these factors, among several others, lay down strong fundamentals for future market growth and sustenance.
As stated by the recent report published by Global Industry Analysts, Inc., world high performance alloys market is dominated by non-ferrous alloys, which flaunt the potential to rise by 757 thousand metric tons by the end of the decade. The United States, Europe, and Asia-Pacific represent the three largest geographic markets for non-ferrous alloys, cornering over 80% of the market worldwide for the year 2006. Titanium, a product sub-segment within the non-ferrous alloys market, is the fastest growing with a projected CAGR of 5.8% over the analysis period. Europe ranks as the largest consumer of Titanium. Refractory metals alloys market is projected to reach 177 thousand metric tons by the year 2010, with Molybdenum, Tungsten, and Tantalum markets, together expected to rise by 7315 metric tons over the period 2007-2010. Platinum group metal alloys market is expected to prop up total global growth, with the market expected to post a CAGR of 4.38%. United States, and Japan are expected to post CAGRs in excess of 4%, while Canada and Europe are expected to post CAGRs in excess of 5%. In Europe, Germany ranks as the largest individual market for high performance alloys, while Magnesium, Titanium, and Palladium ranks as the fastest growing product segments with growth in each of the segment falling in between 5% to 6.4%.
Leading global and regional players operating in the industry include Alcoa Inc, Alcan Inc., Russian Aluminum Co, Titanium Metals Corporation (TIMET), Allegheny Technologies Incorporated, BASF Catalysts LLC, Eramet Group, Haynes International Inc, High Performance Alloys Inc, and Olin Brass, among others.
The report titled "High Performance Alloys: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of product trends, technology developments, market drivers, issues, and challenges. Richly annotated with authoritative, and unbiased commentaries, and hard-to-find statistical facts, the report provides unequivocal views on future potential while throwing light on the prevailing climate in key product segments. Product markets analyzed in the report include Non-Ferrous Alloys (Aluminum, Magnesium, Titanium, and Zirconium), Refractory Metal Alloys (Molybdenum, Tungsten, Columbium, and Tantalum), Platinum Group Metals (Platinum, Palladium, Rhodium, Ruthenium and Iridium), and Special Alloys & Superalloys. Latent demand patterns in product markets are quantified across major geographic market verticals including United States, Canada, Japan, France, Germany, Italy, United Kingdom, Spain, Asia-Pacific, Latin America, and Middle East & Africa. Also provided in the report is an enumeration of recent mergers, acquisitions, and other strategic industry activities.
For more details about this research report, please visit http://www.strategyr.com/MCP-1013.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
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